Ube Industries Ltd. (TYO:4208) announced on April 8 that its consolidated subsidiary Ube Corporation Europe SAU (UCE) has decided to acquire Spanish compound manufacturer Repol SL. The companies have agreed to a share transfer on the basis of a deal for UCE to acquire a majority of Repol’s shares in late March. Based in Valencia, Spain, Repol operates a European...
Bridgestone Corp. (TYO:5108) on April 2 completed its acquisition of digital fleet solutions provider TomTom Telematics, a former business unit of TomTom NV of the Netherlands. The acquisition was effected after Bridgestone subsidiary Bridgestone Europe NV/SA received approval from regulatory authorities and satisfied other procedural requirements. The purchase price was 910 million euros ($1.03 billion). The acquired business operates the...
Zeon Corp. (TYO:4205) announced on April 1 that it has spun off the Sano plant that performs injection molding for Optes Inc., a cyclo-olefin polymer (COP) processing and manufacturing subsidiary. In establishing the new Zeon Opto Bio Lab Co. Ltd. as a result of this, Zeon plans to grow by strengthening its prototyping business in the optics, medical and bio...
Domestic Japanese demand for organic rubber chemicals came to 17,642 tons for calendar 2018, up by 1.5 percent year-on-year. This marks a second consecutive year of growth in the market, driven largely by strong production of rubber products. Strong results can also be seen in the month-by-month breakdown, with September, November and December being the only months to post negative...
Forecasts for belt and hose sales in 2019 are showing a pessimistic outlook despite what have been favorable market conditions so far this year. These findings come from TGS, an association of industrial rubber product wholesalers in the greater Kanto region. Conducting an independent survey as part of a report on belt and hose trade flows for 2018, TGS found...
The Japan Rubber Workers Union Confederation (JRC), an organization made up of rubber unions encompassing tire, rubber auto part, industrial rubber product and shoe manufacturers, has set out on its annual spring labor offensive for 2019. Focusing on major manufacturers, this initiative has seen the bulk of the relevant labor unions – of which there are 54 as of March...
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